Like a phoenix rising from the ashes, AUD/USD put in a strong recovery following an early-year slump as price action jumped up to a fresh yearly high. While it took about two-and-a-half months for AUD/USD to crash down to a fresh 17-year low after the 2020 open, it took about another two-and-a-half months for the pair to recover the entirety of those losses, and then some. Through it all, the .7000 big figure loomed large throughout; as this price helped to cap resistance as the New Year opened and came back into play in June after the pair had recovered. This resistance even held the advance for a little over a ... (full story)